With Fannie and Freddie, The U.S. Is Bailout Nation (Time Mag)Was it Bailout or stabilization (as Alan Greenspan calls it)? US treasury is indeed letting Lehman Brothers fail aren't they, fearing a backlash for bailout in putting taxpayer's money on the line. Feds must surely be relieved to see Bank of America bid for Merrill Lynch. And with cash strapped AIG going down the tube, financial world is indeed changing and fast.. as Brad Setser writes in CFR column -- Follow the Money
